Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) Alternatives

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EQLI.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to EQLI.TO

EQLI.TO charges 0.29% annually. Among ETFs in the S&P 500 category, these options have the lowest expense ratios among EQLI.TO alternatives.

Symbol	Name	Expense Ratio	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	Jul 5, 2023	EQLI.TO vs USCL.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	0.09%	Nov 2, 2012	EQLI.TO vs VSP.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	0.09%	May 29, 2009	EQLI.TO vs ZUE.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	0.09%	Nov 14, 2012	EQLI.TO vs ZSP-U.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	Apr 10, 2013	EQLI.TO vs XUS.TO

Best Risk-Adjusted Alternatives to EQLI.TO

Among ETFs in the S&P 500 category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
XUS-U.TO	iShares Core S&P 500 Index ETF	62	Oct 9, 2019	EQLI.TO vs XUS-U.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	57	Nov 2, 2012	EQLI.TO vs VSP.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	57	May 24, 2001	EQLI.TO vs XSP.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	55	Nov 14, 2012	EQLI.TO vs ZSP-U.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	53	May 29, 2009	EQLI.TO vs ZUE.TO

Top Performing EQLI.TO Alternatives (YTD)

EQLI.TO alternatives from the S&P 500 category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
HIU.TO	BetaPro S&P 500 Daily Inverse ETF	8.11%	Feb 3, 2010	EQLI.TO vs HIU.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	1.77%	May 29, 2018	EQLI.TO vs EQL.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-2.45%	Sep 13, 2011	EQLI.TO vs USCC.TO
XUS.TO	iShares Core S&P 500 Index ETF	-3.09%	Apr 10, 2013	EQLI.TO vs XUS.TO
VFV.TO	Vanguard S&P 500 Index ETF	-3.12%	Nov 2, 2012	EQLI.TO vs VFV.TO

Lowest Volatility Alternatives to EQLI.TO

EQLI.TO alternatives from the S&P 500 category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	16.30%	Sep 13, 2011	EQLI.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	17.59%	May 29, 2018	EQLI.TO vs EQL.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	17.80%	May 24, 2001	EQLI.TO vs XSP.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	18.03%	Nov 14, 2012	EQLI.TO vs ZSP-U.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	18.08%	May 29, 2009	EQLI.TO vs ZUE.TO

Lowest Drawdown Alternatives to EQLI.TO

EQLI.TO alternatives from the S&P 500 category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	-11.92%	Sep 13, 2011	EQLI.TO vs USCC.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	-11.93%	May 24, 2001	EQLI.TO vs XSP.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	-11.95%	May 29, 2009	EQLI.TO vs ZUE.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	-12.02%	Oct 9, 2019	EQLI.TO vs XUS-U.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	-12.07%	Nov 2, 2012	EQLI.TO vs VSP.TO

Other ETFs from Invesco

Most popular Invesco ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Large Cap Growth Equities	57	-4.69%	May 27, 2021	EQLI.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Large Cap Blend Equities	61	-6.44%	May 27, 2021	EQLI.TO vs QQC-F.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	57	-9.34%	Jan 18, 2024	EQLI.TO vs INAI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Large Cap Growth Equities	61	-2.67%	Nov 6, 2025	EQLI.TO vs QQCI.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	41	-3.46%	Mar 5, 2020	EQLI.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	96	3.87%	Apr 24, 2012	EQLI.TO vs TLV.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Large Cap Growth Equities	50	-5.29%	Nov 15, 2021	EQLI.TO vs QQCE.TO

Often Compared With EQLI.TO

What investors most often compare with EQLI.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	Jan 14, 2026	EQLI.TO vs INTY.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	1.83%	Sep 26, 2025	EQLI.TO vs CRCY.TO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Derivative Income	—	-29.77%	Apr 21, 2025	EQLI.TO vs BCCL.NEO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	Derivative Income	22	1.66%	Sep 27, 2024	EQLI.TO vs JEPI.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	47	-3.17%	Nov 14, 2012	EQLI.TO vs ZSP.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	89	9.57%	Sep 3, 2024	EQLI.TO vs UTES.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	Derivative Income	52	-1.52%	Sep 27, 2024	EQLI.TO vs JEPQ.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Derivative Income	48	-3.61%	Sep 13, 2011	EQLI.TO vs QQCC.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Derivative Income	48	-4.67%	Oct 10, 2023	EQLI.TO vs QQCL.TO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	3.20%	Jul 19, 2021	EQLI.TO vs HDIV.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	97	0.86%	May 16, 2011	EQLI.TO vs BKCC.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	82	21.92%	Apr 11, 2011	EQLI.TO vs ENCC.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	46	-7.72%	Feb 4, 2022	EQLI.TO vs HYLD-U.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	-13.08%	Jul 14, 2025	EQLI.TO vs QDAY.NEO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	41	-14.58%	Jan 16, 2025	EQLI.TO vs HHIS.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	3.53%	Jul 14, 2025	EQLI.TO vs CDAY.NEO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	Derivative Income	—	9.91%	Aug 22, 2025	EQLI.TO vs ECHI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	Derivative Income, Short-Term Bond	45	-0.05%	Sep 12, 2024	EQLI.TO vs HBIL.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	93	-3.41%	Jan 20, 2023	EQLI.TO vs HMAX.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	Derivative Income	9	-1.26%	May 30, 2024	EQLI.TO vs HPYT.TO

Compare EQLI.TO with Any Fund or Stock

Compare EQLI.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Invesco S&P 500 Equal Weight Income Advantage ETF

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